Author: Mahdeehassan

MilkStraw AI, a pioneer in intelligent cloud cost optimisation software, today announced it has raised $600,000 in pre-seed funding. The round was led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and notable angel investors. The funding will accelerate MilkStraw AI’s mission to transform how fast-growing companies manage and optimize their cloud infrastructure costs. MilkStraw AI’s platform addresses a critical challenge facing modern businesses: the complexity and inefficiency of cloud cost management. Since its launch in April 2024, the company has attracted hundreds of clients, including prominent regional technology companies such as Magnitt, Voltlines, Netwatch, Floranow, MakanE, and IdenTV.…

The Eco-friendly ride option supported by the TGA will enable customers to contribute to carbon removal efforts through MEWA’s tree-planting initiatives powered by the Sedrah Program. Riyadh, Saudi Arabia – January 2025 – CarbonSifr, a pioneering climate-tech company and a participant in the inaugural Sedrah Program under MEWA (Ministry of Environment ,Water and Agriculture) and Careem Rides, focused on facilitating everyday reliable and convenient commuting options for the region through the Careem app, are announcing the launch of Careem’s Eco-friendly ride option in Saudi Arabia with support from the Transport General Authority (TGA) and MEWA’s Sedrah Program. Eco-friendly rides, launched…

Wa’ed Ventures, the $500 million venture capital arm of Aramco, announced leading the $5 million investment in YNMO, a Saudi company revolutionising the educational and rehabilitative technology for children, including those with disabilities. The funding round also included participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, a fund focused on impact-driven startups. With this investment, Ynmo plans to expand its services and introduce new features aimed at improving support for children with disabilities and enhancing their access to early childhood services. The company also aims to strengthen its partnerships with governmental, educational, and rehabilitative institutions across the Gulf…

PLATMA, the AI Business Automation Platform that transforms natural language into functional workflows and business processes, has announced the successful completion of its pre-seed funding round, securing $2.2 million at a valuation of $20 million. The company also unveiled its plans to enter the Middle East and North Africa (MENA) market, marking a significant step in introducing low-/no-code solutions to this rapidly growing region. With a strong foothold in the UAE, home to its fastest-growing office, PLATMA is already supporting a range of local businesses across the MENA region. The platform was recognised as the Best AI Startup at the…

Naif Al Rajhi Investment announced its acquisition of a strategic stake (value undisclosed) in Mawdoo3, a company specialising in artificial intelligence (AI) technologies and large language models (LLMs) with a focus on the Arabic language. Strategic Investment to Boost AI Innovation This acquisition marks a strategic step by Naif Al Rajhi Investment to capitalise on emerging sectors, such as: Artificial intelligence: developing innovative tech solutions tailored to Arabic-speaking users. Arabic Data: Driving innovation in linguistic tools and data processing. Mawdoo3 plans to leverage this investment to achieve its goals of: Expanding its tech offerings. Accelerating digital transformation in the region.…

Ras Al Khaimah, United Arab Emirates: Ras Al Khaimah has achieved a milestone in its journey to becoming a leading destination to live, work and explore, by securing the top position in a survey of the world’s best expat destinations, conducted by InterNations, the largest global expatriate network. The Emirate secured number one spot out of 53 cities in the Expat Essentials Index, conducted by InterNations as part of its 2024 Expat Insider report. The Index is based on four categories: Admin (how easy it is to get a visa, deal with local bureaucracy, open a bank account); Housing (affordability of housing, ease of…

Dubai, 26th November 2024 – In alignment with the UAE’s Education 33 initiative and the nation’s broader economic goals, Synergy University Dubai has introduced a new suite of programs designed to equip students with the skills necessary to succeed in a rapidly evolving job market. Focusing on high-growth sectors such as Artificial Intelligence (AI), robotics, sustainability and entrepreneurship these offerings aim to bridge the gap between academic knowledge and the practical skills demanded by industries worldwide. With nearly 70% of jobs expected to change by 2030 due to technological advancements and shifting industry needs, the university’s undergraduate, postgraduate and professional development courses are tailored to prepare students…

Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology to deliver sustainable, low-cost, high-yield mineral recovery systems. Watercycle’s mineral recovery systems have received international traction from government bodies and businesses on every continent, targeting brine mining and battery recycling applications. The goal of the company’s proprietary technology is twofold: mitigating the growing critical mineral supply…

Dubai, United Arab Emirates, November 2024: As the holiday season draws near, Rixos Al Mairid Ras Al Khaimah, the region’s newest, ultra all-inclusive resort, is delighted to unveil an array of festive celebrations for in-house guests who choose to spend the holiday season at the premium property. Transforming its luxurious, expansive grounds into a winter wonderland, the resort offers a host of magical experiences, from enchanting tree-lighting ceremonies to lavish brunches and grand dinners. With something for everyone to enjoy, Rixos Al Mairid Ras Al Khaimah promises a Christmas to remember! Offering the ultimate winter beachfront escape for families, couples, and travellers,…

Locad, the leading smart digital logistics engine empowering consumer brands with its Cloud Supply Chain-as-a-Service for global distribution, announces its $9 million pre-Series B fundraise. The round was co-led by Global Ventures and existing investor Reefknot Investments. Other participating investors include Sumitomo Equity Ventures and existing investors Antler Elevate; Febe Ventures; and JG Summit. The new funding will accelerate Locad’s international expansion, starting with the UAE and Saudi Arabia in Q4 2024 as part of its ‘Grow Global, Go Local’ strategy for brands, and will also be used to enhance Locad’s AI-driven smart logistics capabilities. Locad is on a mission…